Bankrupt Loehmann's Executive Bonuses Get Shut Down
U.S. Bankruptcy Judge Martin Glenn issued a two-page order denying Loehmann’s motion without prejudice. The company’s lawyers had initially asked for up to $650,000 in bonuses for the two executives but on Thursday reduced that number to a little more than $500,000.
The request drew an objection from the U.S. trustee, who argued in court papers...
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